Bristow Group Inc (VTOL)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 619,458 | 594,367 | 570,577 | 524,444 | 563,583 | 557,823 | 537,777 | 525,351 | 493,125 | 524,456 | 582,786 | 579,885 | 576,464 | 559,479 | 577,395 | 585,748 | 675,889 | 672,745 | 661,088 | 193,892 |
| Total current liabilities | US$ in thousands | 325,900 | 324,180 | 306,113 | 303,415 | 309,789 | 325,704 | 293,817 | 274,412 | 285,590 | 294,408 | 337,828 | 287,755 | 288,427 | 279,123 | 293,926 | 305,120 | 325,891 | 351,231 | 358,226 | 48,097 |
| Current ratio | 1.90 | 1.83 | 1.86 | 1.73 | 1.82 | 1.71 | 1.83 | 1.91 | 1.73 | 1.78 | 1.73 | 2.02 | 2.00 | 2.00 | 1.96 | 1.92 | 2.07 | 1.92 | 1.85 | 4.03 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $619,458K ÷ $325,900K
= 1.90
The current ratio of Bristow Group Inc has exhibited fluctuations over the past few years. The trend shows that the company's current assets relative to its current liabilities have ranged from a high of 4.03 as of March 31, 2020, to a low of 1.71 as of September 30, 2023. As of December 31, 2024, the current ratio stands at 1.90.
A current ratio above 1 indicates that the company is able to meet its short-term obligations using its current assets. A higher current ratio is generally considered favorable as it suggests a strong ability to cover short-term liabilities and indicates a company's liquidity strength.
Bristow Group Inc's current ratio has generally been above 1 over the period, indicating the company's ability to meet its short-term financial obligations. However, it is important to note that the ratio has fluctuated, which may suggest variations in the company's liquidity position over time. Further analysis of the company's current assets and liabilities would be beneficial in understanding the factors driving these fluctuations and in assessing the company's overall financial health.